Iowa announced Thursday it will extend coach Kirk Ferentz's contract through the 2020 season.
School officials expect Ferentz to sign the contract Friday, before he opens his 12th season for the Hawkeyes. Ferentz, the second-longest tenured coach in the Big Ten behind Penn State's Joe Paterno, will be paid $3,675,000 annually plus a longevity bump that begins at $325,000 and increases every year.
"I've said publicly, and privately to Kirk, that it would be my goal to have him retire at Iowa," Iowa athletic director Gary Barta said in a statement. "This contract is a statement supporting that commitment."
The ninth-ranked Hawkeyes, coming off an 11-2 season and a win in the Orange Bowl, return one of the best defenses in the nation and several offensive stars, including quarterback Ricky Stanzi and running back Adam Robinson. They host Eastern Illinois on Saturday.
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